Convenience Food - Turkey

Turkey

Highlights

Revenue in the Convenience Food market amounts to US$7.82bn in 2024. The market is expected to grow annually by 14.74% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$154bn in 2024).
In relation to total population figures, per person revenues of US$90.62 are generated in 2024.
In the Convenience Food market, volume is expected to amount to 1.64bn kg by 2029. The Convenience Food market is expected to show a volume growth of 5.7% in 2025.0.
The average volume per person in the Convenience Food market is expected to amount to 15.3kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Convenience Food Market in Turkey is experiencing mild growth, driven by factors such as increasing demand for ready-to-eat meals and soups, convenience offered by online food services, and changing consumer lifestyles. Growing urbanization and busy schedules are also impacting the market's growth rate.

Customer preferences: Convenience has become a key factor in consumer decision-making, with time-poor individuals seeking quick and easy meal solutions. This has led to a rise in demand for pre-packaged, ready-to-eat convenience foods that require minimal preparation. Additionally, there is a growing preference for healthier and more nutritious options, as consumers become more health-conscious. This is reflected in the increasing availability of organic and natural convenience food products in the market. Moreover, with the rise of e-commerce and online grocery shopping, there has been a shift towards online ordering and delivery of convenience food items, providing even more convenience for consumers.

Trends in the market: In Turkey, the Convenience Food Market within The Food market is experiencing a shift towards healthier and more sustainable options. This trend is driven by consumer demand for convenience without compromising on nutrition and sustainability. As a result, companies are increasingly incorporating organic, natural, and plant-based ingredients into their convenience food products. This trajectory is significant as it aligns with the overall global trend towards healthier and more sustainable food choices. It also presents opportunities for industry stakeholders to tap into this growing market segment and cater to the evolving consumer preferences. However, it also poses challenges for traditional convenience food manufacturers and may require them to adapt their products and processes to stay competitive.

Local special circumstances: In Turkey, the Convenience Food market is heavily influenced by the country's rich culinary traditions and diverse cultural influences. The demand for convenient and ready-to-eat meals is driven by the busy lifestyles of urban consumers. Additionally, government regulations promoting food safety and hygiene have led to an increase in packaged and frozen convenience food options. The market is also influenced by local tastes and preferences, with Turkish flavors and ingredients being incorporated into many convenience food products.

Underlying macroeconomic factors: The Convenience Food Market in Turkey is greatly impacted by macroeconomic factors such as the country's economic growth and stability, government policies, and consumer spending patterns. The overall economic growth and stability of Turkey play a crucial role in determining the demand for convenience food products. As the country's economy continues to grow, consumers have more disposable income to spend on convenience food items, driving market growth. Additionally, government policies aimed at promoting and supporting the food industry, such as tax incentives and subsidies, also influence market performance. Consumer spending patterns, influenced by factors such as inflation and unemployment rates, also impact the demand for convenience food products. With rising urbanization and busy lifestyles, consumers are increasingly turning to convenience food options, further driving market growth.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.